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Business Skills  Module 1:
The Theory of Legal Business Skills

3 hours eLearning
What you are going to learn

About this course:

Objective:
For trainees to acquire a thorough understanding of the financial services regulatory framework; the limits it imposes on the work that can be conducted by solicitors; and the procedures to be followed to determine what is and is not permitted conduct for a solicitor.

Intended audience:
SQE Trainees

Duration:
3 hours 
Topics covered:
  • Overview of the Regulatory Framework of the Financial Services Industry
  • Regulated Activities and the RAO Exclusions
  • Exempt Regulated Activities and the SRA Scope Rules
  • SRA Compliance Requirements 

Outcomes:
The success measures of this course are:
  • A thorough theoretical understanding of the regulatory framework which determines the extent to which solicitors can engage in financial services for clients;
  • The different options created by the legislation for assisting clients and the factors to take into account, including ‘best practice’ guidance; and
  • The compliance obligations imposed on solicitors who provide financial services assistance to clients. 

Phil Lyons

Trainer and Course Designer 
About
Phil served as a police officer before qualifying as a solicitor. He began practising law in 1989, specialising in civil and criminal litigation for ten years.

On leaving legal practice he consulted to a major City Council with a specific ongoing litigation problem. Phil created a new department, recruited and trained the staff, and implemented a new litigation system. The new system reduced the City Council’s annual outlay on damages and legal costs by £1.2 million in its inaugural year, and a further £1.4 million in its second year.

Since then, Phil has specialised in delivering legal skills training, operating on a freelance basis.